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The German tuning company that built this 1959 Chevrolet Corvette calls it an “American old timer.” Yet even though the body is several decades old, the components beneath the metal are all brand new. At the request of a customer, Pogea Racing GmbH outfitted this classic roadster with running gear from a present-day Corvette.

The biggest transformation is under the Corvette’s hood, where Pogea Racing installed a 6.2-liter LS3 V-8 from a new Corvette. Finding that engine somewhat lacking, the tuners added a new air intake, high-lift camshafts, larger fuel injectors, and loud Edelbrock exhausts. The engine now produces a claimed 485 hp and 431 lb-ft of torque, channeled through a five-speed manual transmission. Pogea says the modified Corvette will hit 62 mph in just 3.9 seconds and is capable of 179 mph.

The bodywork rides on a custom tube frame designed in partnership with American company Foose Design. That frame is fitted with adjustable coilover suspension, and is said to be much stiffer than the original Corvette chassis. The car’s brakes also have been updated with modern-day brakes, with 13-inch front discs and 11.8-inch rear discs. In order to fit wider Bridgestone Potenza tires, Pogea widened the Corvette’s rear fenders by 14.5 inches. The tires wrap three-piece Pogea Racing wheels measuring 18 inches front, 19 inches rear.

The completed car was finished in a combination of Ferrari red and white paints, which is matched by a red interior with white floor mats. The tuners also saw fit to upgrade the 1959 Chevrolet with power steering, air conditioning, an Alpine touch-screen navigation system, and a three-spoke flat-bottom steering wheel.

The price for all this work? A cool €225,000 before taxes, or about $296,000.